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Trading for a Living: Psychology, Trading Tactics, Money Management

Alexander Elder

Trading for a Living: Psychology, Trading Tactics, Money Management - image
Rating: 4.5/5 Stars
Rank: 2298
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading.

He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably.

In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting.

His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same.

The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum.DDale Farris, Groves, TX
Copyright 2001 Reed Business Information, Inc.--This text refers to the Audio CD edition.

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About the Author

ALEXANDER ELDER, MD, was born in Leningrad and grew up in Estonia where he entered medical school at the age of 16.

At 23, while working as a ship’s doctor, he escaped from a Soviet ship in Africa and received political asylum in the U.S.A.

He continued to work as a psychiatrist in New York City, served as book editor of The Psychiatric Times, and taught at Columbia University.

After becoming involved in financial trading, Dr. Elder published over 50 articles, software, and book reviews, and spoke at many conferences.

In 1988 he founded Financial Trading Seminars, Inc., an educational firm for traders.

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Editorials

Sample 3 of 6

Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
 From AudioFile
The author, a psychiatrist, talks about how human nature intersects with the investment world. Narrated with over-the-top gravitas start to finish, the program warns the listener to keep a close eye on emotion and to... read full editorial
 Book Description
Trading for a Living Successful trading is based on three M’s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:How to become a cool, calm, and collected traderHow to profit from... read full editorial
 From the Inside Flap
You have just taken a big step away from the crowd of amateurs. By opening Trading for a Living, you’ve resolved to become a successful trader. Dr. Alexander Elder is a professional trader, a world-class expert... read full editorial




Customer Reviews

Sample 3 of 51

Trading for a Living: Psychology, Trading Tactics, Money Management
Alexander Elder
 one of the best books about trading
(Missouri) September 17, 2002 - 5.0/5 stars
This is definitely one of the best books about trading for the levels of the beginning and intermediate trader. If you want a more well-rounded education on trading, start with this one. In it you'll find no fluff and... read full review
 Educational
(usa) December 13, 2003 - 5.0/5 stars
Elder has done a wonderful job in this book of presenting the factors that create the cross currents in the market, the battle of the bulls and bears and he shows you the tools to tell who is winning. The psychology... read full review
 More Losers than Winners
(San Jose, CA) January 25, 2005 - 4.0/5 stars
There is much useful information in this book. While Investor's Business Daily suggests you be careful of your entry point, this book has you making trades that could turn out to be risky. For example, buying on an MACD... read full review




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